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Business Events Layoffs

  • PARIS, Jan 24- Private-equity backed French clothing retailer Vivarte plans to sell loss-making shoe brand Andre and cut jobs at its Vivarte Services arm as part of larger efforts to restructure the heavily-indebted group, union sources told Reuters. Vivarte, the owner of brands including Kookai, Naf Naf, La Halle and Chevignon, has been owned since 2014 by a...

  • JOHANNESBURG, Jan 24- South African bullion producer Anglogold Ashanti will hold back on job cuts announced last week and will instead redeploy most of the workers within the firm, the National Union of Mineworkers said on Tuesday. "This engagement is ongoing and it remains too early to pre-empt an outcome," said Anglogold spokesman Stewart Bailey.

  • Gulf carriers who spent years rapidly expanding into markets from South America to Africa are under pressure to adapt to weaker markets, overcapacity and a stronger dollar. The restructuring at Dubai- based Emirates involves moving employees into new positions that has seen staff both promoted and demoted, a spokeswoman said, adding that a "very small number"...

  • LONDON, Jan 20- HSBC has begun cutting around 100 senior jobs in its investment banking division worldwide this week, according to sources with direct knowledge of the matter. The latest round of cuts comes as HSBC bankers in its London headquarters face uncertainty as the lender prepares for expected disruption caused by Britain's exit from the European...

  • By Jacob Gronholt-Pedersen and Teis Jensen. COPENHAGEN, Jan 18- Enzymes maker Novozymes will cut 198 jobs and invest more in emerging markets, it said on Wednesday, adding it could time take to recapture past growth rates amid uncertainty over U.S. renewable energy policy and the takeover of a key partner. "This is a new reality for Novozymes," Chief Executive Peder...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. Will Horton, a Hong Kong- based analyst for aviation consultancy CAPA, described what had been said so far as underwhelming given the scale...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. The company laid out the results of the review in a document seen by Reuters that was e-mailed to its 33,700 employees on Wednesday after 350...

  • The Saskatoon, Canada- based company said it expects to report a net loss for 2016 citing asset impairments resulting from fair market assessments at the end of the year. Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do... reflect the consequences of a continued...

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, company employees said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate manufacturing...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, people familiar with the matter said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate...

  • CNBC's Courtney Reagan reports that home improvement retailer Lowe's is planning to lay off some of its workforce as part of a restructuring plan.

  • PARIS, Jan 12- Morale is low at Lanvin with staff expecting job cuts after France's oldest fashion brand swung into the red in 2016 and new designer Bouchra Jarrar failed to lift sales, sources told Reuters. The company appointed advisory firm Long Term Partners to conduct an audit and it is due to present its findings to Lanvin's board at the end of this month and...

  • United Continental airline

    United Continental expects to cut some management employees as a part of its larger restructuring program.

  • LIBREVILLE, Jan 12- Royal Dutch Shell workers in Gabon began an "unlimited" strike on Thursday at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees. Shell is in advanced talks to sell its Gabon assets, which one source estimated could be worth $700 million, leaving workers worried about layoffs...

  • LIBREVILLE, Jan 12- Royal Dutch Shell workers in Gabon began on Thursday an "unlimited" strike at all the company's operations in the Central African OPEC member country, the workers' union wrote in a letter to employees. Shell is trying to sell its Gabon assets, which one source estimated could be worth $700 million, leaving workers worried about layoffs or being...

  • Jan 12- United Continental Holdings Inc expects to cut some management employees as a part of its larger restructuring program. "While we don't have an exact figure now, a small number of our management team will be affected by reductions," said spokeswoman Megan McCarthy in a statement. Bloomberg earlier reported the staffing cuts.

  • Jan 12- United Continental Holdings Inc expects to cut some management employees as a part of its larger restructuring program. "While we don't have an exact figure now, a small number of our management team will be affected by reductions," said Mike Bonds, executive vice president of human resources, in a letter to employees last week. Bloomberg first reported the...

  • Boeing warns of engineer layoffs in 2017

    In an internal memo, the airplane maker said it plans to conduct involuntary layoffs this year.